Big-Company Proxy Fights – Back In A Big Way… Small And Micro-Cap Fights Look To Surge In 2024 … Anti-ESG Proposals Expected To Surge Too…Hostile Takeovers Are Back
The 2024 Annual Meeting Season and the Big-Company Proxy Fight Season is off to a roaring start – with Nelson Peltz of Trian back yet again at Disney with a big new backer, major investor Isaac “Ike” Perlmutter, whom Disney fired not so long aga… And even before...
Sell Your Proxy Votes? Good Idea, We Say, But Lots Of Practical Problems
Shareholder Vote Exchange, which was featured in a January 22 WSJ article, was started in 2021 by Preston Yadegar, 25 years old, a 2020 BU graduate whose venture has been funded so far by friends and family but who says that talks are underway with potential...
BIG Troubles In T-A Land
Five events in late 2023 startled us into realizing that most Transfer Agents seem to be in a big heap of trouble these days: The first and second were the two calls we received - one about bad TA service and one about bad TA behavior – described in detail elsewhere...
A Tribute To Bob Schifellite From The Optimizer’s Senior Editor
I first met Bob in 1985, when he was with IECA - the Independent Election Corporation of America – when he came to call on us at the old Manufacturers Hanover Trust Company to explain what the newly formed IECA was all about. His smiling face, his calm, thoughtful and...
Shareholder Votes Have Value – Please Do Not Let Your Votes Go To Waste!
©2023 by Carl T. Hagberg and Associates. All rights reserved. This publication may not be copied or made available to readers over the Internet without the express permission of the copyright holder. (The letter below can be generic - or personalized with issuers’...
Troubling News For Corporate Governance Professionals from Broadridge’s 2023 Review
Expectations of directors are increasing. Fewer directors stood for election this past season (23,829) than in 2022 season, but more failed to attain majority support (654) than at any time in the last 5 years. Support has declined for Say-on-Pay. 131 say-on-pay...
Holders Coalition Fights Threats By Unclaimed Property “Auditors” To Change State Laws At The Expense Of Share-Owners
Here’s an email we got recently from Jen Borden – whom we consider to be the world’s top expert on all things concerning unclaimed property. It updates the article she did for our year-end magazine, 2022 Unclaimed Property Year-End Round Up, and provides some truly...
Highlights Of The 2023 Meeting Season Through June
The 2023 Shareholder Meeting Season to date has been “one for the books” for sure – and we are happy to report that most of the predictions and early warnings we posted in late 2022 and early 2023 were very much on the money: While there has been a modest return to...
Best Statements In Opposition To Shareholder Proposals
In our last issue we recommended that readers take time to review what we found to be the “Most Engaging” Shareholder Meeting Materials of the 70-odd sets we reviewed with care - and we promised to disclose the MOST CONVINCING EXAMPLES OF CORPORATE RESPONSES to...
No Quorums At Meetings Because Directors Failed To Vote: Our Tips To Fix
As noted here earlier, there was a very noticeable decline in the number of companies that had to adjourn their Shareholder Meetings in first-half 2023 for lack of a quorum on the appointed date and time. At two of the Meetings where our Inspectors of Election served,...
